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World Economy Mar 24, 2026

Australia and EU Forge Critical Minerals Trade Deal to Reduce China Reliance

Australia and the European Union have signed a trade deal to remove tariffs on nearly all Australia…
Australia and the European Union have sealed a landmark trade agreement, eliminating tariffs on almost all Australian critical mineral exports. This move is part of a broader strategy to mitigate concerns over China's dominant position in the global rare earths market. The deal, which took eight years to finalize, signifies a significant step towards strengthening economic ties between the EU and Australia. European Commission President Ursula von der Leyen emphasized that the agreement would help reduce dependency on any single supplier for crucial minerals, highlighting the strategic importance of this partnership. The agreement will not only facilitate the export of critical minerals from Australia to the EU but also remove over 99 percent of tariffs on EU goods exports to Australia. This is expected to result in a substantial reduction of approximately 1 billion euros ($1.2 billion) in annual duties for EU companies. Consequently, EU exports to Australia are projected to grow by up to 33 percent over the next decade. Australian Prime Minister Anthony Albanese noted that the deal is worth approximately 10 billion Australian dollars ($7 billion) annually to the Australian economy. The agreement underscores the importance of diversifying supply chains and reducing reliance on China, which currently controls about 90 percent of the global processing for rare earths. These minerals are vital for producing technological equipment such as electric cars, lithium-ion batteries, and LED televisions. The trade relationship between the EU and Australia is substantial, with EU firms exporting 37 billion euros ($43 billion) worth of goods to Australia in 2025 and 28 billion euros ($33 billion) in services in 2023. The EU was Australia's third-largest two-way trading partner and second-largest source of foreign investment in 2024.
#australia #australian #list
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Business Mar 24, 2026

The Biscoff Effect: How a Belgian Biscuit Became a Global Social Media Phenomenon

This article explores the remarkable journey of Biscoff, a Belgian biscuit brand that transformed f…
Around 15 years ago, Ashley Markle was introduced to a culinary curiosity that would later become a global phenomenon. While staying at her aunt's house, she encountered a small, plastic-wrapped biscuit that would forever change her perception of cookies. What began as an unknown airline snack evolved into one of the fastest-growing biscuit brands in the US, with Markle becoming an unwitting early adopter of what would become a cultural movement.The spiced caramel biscuit, created in 1932 by Belgian company Lotus, has experienced remarkable peaks in popularity over the past decade. From being described as 'crack in a jar' in 2014 to becoming a staple in freakshakes in 2016, the brand has consistently found new ways to capture consumer interest. The pandemic home-baking boom in 2021 propelled Biscoff into social media stardom, with chef Jon Watts demonstrating multiple Biscoff recipes on daytime television.In January 2026, Biscoff experienced another viral surge, particularly on TikTok and Instagram, where users obsessively shared recipes for a 'Japanese cheesecake' featuring the biscuits. Markle, a social media creator specializing in snack recipes, has seen her Biscoff-related content accumulate millions of views, including a cheesecake recipe that garnered over 4 million views and a two-ingredient cookie recipe with 5.6 million views.The phenomenon extends beyond social media. A teacher named Raj developed such an affinity for Biscoff that he purchased multiple boxes, declaring: 'I'd smoke Biscoff if I could.' At his school, colleagues use the biscuits as incentives for students to attend tutoring sessions, demonstrating the brand's cultural penetration.Food industry experts attribute Biscoff's success to several converging trends. Lisa Harris, co-founder of food consultancy Harris and Hayes, explains: 'Biscoff isn't a single trend in itself, more an expression of various converging trends.' The brand taps into nostalgia, accessible indulgence, and versatility, allowing it to appear in everything from drinks to ice cream to desserts.The brand's partnerships with other companies exemplify modern 'collab culture', with Harris noting that products with distinctive flavors often develop a life of their own among consumers. 'Fans run with it and feel as if they have ownership over the product as much as the brand itself does,' she observes.Lotus Bakeries has responded strategically to the social media buzz. The company is removing the Lotus embossing from biscuits, replacing it with the word Biscoff to better resonate with younger shoppers. Niamh Leonard-Bedwell, fast-moving consumer goods editor at The Grocer, notes: 'In the week to January 17, their volume sales were up 30% on the same time last year.'The business impact has been substantial. In its 2025 annual results, Lotus announced a 10% revenue increase, with more than half coming from the Biscoff brand. The company has expanded internationally with factories in the US and Thailand, with founder's grandson Jan Boone declaring: 'We want to conquer the world.'Despite its sweet reputation, Biscoff is venturing into savory territory with recipes like prawns in Biscoff sauce and creamy Biscoff duck breast. However, chef Jon Watts remains skeptical about these applications, preferring the biscuit's traditional uses in desserts and treats.Industry analysts believe Biscoff's universal appeal will sustain its popularity. Unlike divisive trends like matcha, Biscoff offers a 'quite universally likable flavor' that balances novelty with familiarity. As Kiti Soininen of Mintel notes: 'If it's that sort of safe adventure, where it's got that newness, that freshness, but it's pairing that with familiarity – that hits the mark with a lot of people.'Despite growing concerns about ultra-processed foods, Biscoff's traditional positioning may insulate it from criticism. There's a disconnect between how products are classified and consumer intuition, with Soininen observing: 'If my grandmother can have bought this then it can't be truly ultra-processed.'With retailers developing Biscoff-inspired products including porridge, tea, popcorn, and breakfast cereal, the trend shows no signs of abating. As Markle predicts: 'I don't see anybody deciding that they don't like Biscoff any more.'
#Lotus Bakeries #Biscoff #TikTok
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Sport Mar 24, 2026

Iga Swiatek's Miami Open Defeat Exposes Her Mental Struggles

World No. 3 Iga Swiatek faces a tough period after a surprising defeat at the Miami Open, revealing…
Iga Swiatek, the world No 3 tennis player, has spoken candidly about her struggles after a difficult defeat at the Miami Open. The Polish player lost to her compatriot Magda Linette in a messy three-set affair, marking one of her most challenging losses in years. In a post-match media session, Swiatek broke down in tears, highlighting the emotional toll of her recent performances. She described her current situation as 'the worst nightmare a top tennis player can have,' struggling to cope with the pressure and weight of her achievements. Swiatek's issues on the court have been compounded by her mental state. Despite being a six-time grand slam title winner and one of the greatest players of her generation, she has been plagued by chronic overthinking, worrying, and second-guessing her decisions. The problems began in the autumn of 2024 after a positive test for the banned substance trimetazidine, which led to a month-long suspension. Although she proved the substance was in a permitted sleep medication, the incident affected her performance. Swiatek's inactivity in the final months of 2024 meant she couldn't regain her No 1 ranking, which has been held by her rival Aryna Sabalenka. In a bid to address her struggles, Swiatek has parted ways with her coach, Wim Fissette. Her partnership with sports psychologist Daria Abramowicz has been crucial in her career, but Swiatek may need to take more ownership of her decision-making to move forward. Despite her current challenges, Swiatek remains a formidable player, known for her destructive groundstrokes, heavy topspin, and supreme athleticism. Her mental toughness has been a key factor in her success, but it has also become a source of stress in recent months.
#her #swiatek #she
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Politics Mar 24, 2026

UK's Green Energy Leader Backs North Sea Oil and Gas Production Amid Energy Crisis

The head of the UK's national green energy champion, GB Energy, has surprisingly backed more North …
The UK's green energy landscape is experiencing a significant shift as Jürgen Maier, the boss of GB Energy, joins other prominent renewable energy leaders in advocating for increased North Sea oil and gas production. This move comes as the UK government faces mounting pressure to address an impending energy cost crisis. Maier, in a social media post on LinkedIn, emphasized that while more North Sea oil and gas may not directly reduce energy costs, which have surged due to escalating tensions in the Middle East, it could bring substantial economic benefits, including more jobs and higher tax revenues. He described himself as “a supporter” of a well-managed energy transition that includes “all energy,” later clarifying in a separate post that he fully supports the government’s ban on new oil and gasfield exploration licences. Maier suggested that utilizing existing fields and tiebacks—allowing new deposits to be extracted from existing infrastructure—aligns with an 'All Energy' approach. This strategy, he argues, would give supply chain companies sufficient time to transition while renewables remain the long-term goal. The comments from Maier follow similar endorsements from other green energy leaders, such as Greg Jackson, the Octopus Energy boss, and Tara Singh, the new chief executive of RenewableUK. Jackson, who sits on the Cabinet Office board, told the Daily Telegraph that the UK needs more “sovereign energy,” which requires practical decisions, including leveraging North Sea resources. Singh argued that Britain should produce more energy “of every kind” and called for taking energy out of the culture wars. Despite these calls, Energy Secretary Ed Miliband has ruled out new licences for the North Sea, though decisions on the Rosebank and Jackdaw fields, which were licensed under the previous government, are still pending. Industry sources expect these fields to be approved soon, potentially beginning production by the end of the year, which could provoke backlash from green groups. The government recently dismissed warnings from Offshore Energies UK that failing to produce more North Sea oil and gas would increase the UK's reliance on imports amid rising global instability. A government spokesperson stated that new licences would not enhance energy security or reduce bills, highlighting that oil and gas prices are set internationally. A Great British Energy spokesperson reiterated the company's focus on driving the clean energy transition to deliver a more secure and independent energy system. They emphasized that oil and gas will remain part of the energy mix for decades, and preserving the skills of oil and gas workers is crucial for a clean energy future.
#GB Energy #North Sea #oil and gas production
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Sports Mar 24, 2026

WNBA Owners Approve Landmark CBA, Paving Way for $1.4 Million Top Player Salaries

The WNBA board of governors has unanimously ratified a new seven-year collective bargaining agreeme…
The WNBA has taken a major step forward with the unanimous ratification of a new collective bargaining agreement (CBA) by its board of governors. This landmark deal, which has also been approved by the players, will run through 2032 and marks a significant improvement in player compensation. Under the terms of the new agreement, the minimum salary for players will be $270,000, a substantial increase from the maximum salary of about $250,000 last season. Top players will see their earnings rise dramatically, with the supermax salary set at $1.4 million. Additionally, the salary cap for each team will be $7 million, up from $1.5 million in 2025. WNBA Commissioner Cathy Engelbert hailed the agreement as the beginning of a 'bold new era' for the league, made possible by the collaboration of players, team owners, and the broader WNBA community. The league is set to capitalize on its growing momentum as it approaches its 30th season, which will tip off in May. With the CBA in place, teams are now gearing up for the regular season starting on May 8. This includes an expansion draft for new teams Toronto and Portland, followed by free agency and the college draft on April 13. Teams will begin training camp on April 19, leaving them little time to prepare for the season.
#WNBA #collective bargaining agreement #supermax
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Sport Mar 24, 2026

Mikaela Shiffrin on Brink of Record-Breaking Sixth World Cup Title

Mikaela Shiffrin is on the verge of securing her sixth overall World Cup title, a women's record, a…
Mikaela Shiffrin is poised to make history by claiming her sixth overall World Cup title, tying the women's record held by Austrian legend Annemarie Moser-Pröll. The American skier dominated the slalom event on Tuesday, securing her ninth win in 10 World Cup starts this season, a remarkable achievement that has placed her on the brink of success.Shiffrin's victory, which came with a substantial margin of 1.32 seconds over Wendy Holdener, earned her 100 points in the overall standings. Meanwhile, Emma Aicher's third-place finish kept her within striking distance, trailing Shiffrin by 85 points with only the season-ending giant slalom race remaining.Shiffrin's impressive performance has been a highlight of the season, with her ninth win in slalom events setting a new single-season record in 60 years on the circuit. Her consistent dominance in slalom has also secured her ninth career slalom season title.The final race on Wednesday presents Aicher with a challenging task: she must win to keep her title hopes alive, while Shiffrin can seal the overall title with a top-15 finish that would earn her at least 16 points. Shiffrin's odds are significantly in her favor, given Aicher's lack of experience in World Cup giant slalom events, where Aicher's best finish is fourth place.Shiffrin's achievements extend beyond her current season; her 110th career race win on Tuesday solidifies her position as the skier with the most World Cup victories, surpassing Ingmar Stenmark's record of 86 wins.“This season has been so exciting, quite like a whirlwind,” Shiffrin reflected. “I’m grateful for it.”
#shiffrin #world #cup
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Sport Mar 24, 2026

Ben Duckett Withdraws from IPL to Focus on England Test Team

Ben Duckett has pulled out of the Indian Premier League (IPL) to focus on his England Test team car…
England cricketer Ben Duckett has made a significant decision to pull out of the upcoming Indian Premier League (IPL) to focus on his career with the England Test team. Duckett was signed by Delhi Capitals at the IPL auction in December for a substantial £200,000, but he has now withdrawn from the tournament. The decision comes after a combination of a poor Ashes series, where he played all five Tests with a highest score of 42, and heavy travel following his reserve duties at the recent T20 World Cup. Duckett believes that playing for Nottinghamshire will help him regain his form and secure his place in the England team. “It was a very difficult decision, and I want to apologise to everyone at Delhi that I won’t be coming,” Duckett told the Telegraph. “I’ve spent a lot of time away from home in different places, and it felt like the best thing for me to do to be ready to play for England is to be here right now, at home, refreshing my mind and body.” Under IPL rules, players who withdraw from the tournament for reasons other than injury face a three-year ban. Duckett follows in the footsteps of Harry Brook, who also signed for Delhi in 2025 before pulling out to prioritise his England career. Duckett’s recent performances have been under scrutiny, particularly after a video of him drunk on a night out during the team’s mid-tour break in Noosa was published on social media. He has since apologised for the incident, acknowledging that it was unprofessional. The England team is currently under pressure to refresh its lineup after the Ashes defeat. While Duckett’s opening partner, Zak Crawley, may be the likelier to make way for a newcomer, Duckett has shown promise since his return to the Test team in 2022, averaging 42 with six centuries.
#duckett #england #you
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World Mar 24, 2026

Israel Vows Further Strikes on Iran and Lebanon After Tel Aviv Missile Hit

An Iranian missile struck central Tel Aviv, causing widespread damage and injuring at least six peo…
An Iranian missile has struck central Tel Aviv, causing widespread damage to buildings and vehicles, and injuring at least six people. The attack has led to a significant escalation of tensions in the region, with Israeli Prime Minister Benjamin Netanyahu vowing to continue striking Tehran and Lebanon.“There’s more to come,” Netanyahu said in remarks that appeared to corroborate those of three Israeli officials who told Reuters they thought it was improbable that Iran would accept US demands in any new round of negotiations. This development has dimmed hopes of de-escalation after US President Donald Trump played up the chances of a deal to end the conflict.In a statement released on Tuesday, Iran’s Islamic Revolutionary Guard Corps said it would launch heavy missile and drone attacks at Israeli troops in northern Israel and the area near Gaza “without restraint” unless Israel ceased attacks in Lebanon and Palestine. The threat has raised concerns about the potential for further escalation in the region.Police said an Iranian munition carrying a substantial explosive payload struck the central city, causing widespread damage to buildings and vehicles. At least six people were lightly injured. Several buildings were damaged across Tel Aviv, with emergency services reporting casualties at one of the impact sites. One building and the adjacent road were heavily affected, with cars set ablaze.Israel’s health ministry reports 4,829 injured people have been brought to hospitals since the onset of the war. Of those people, 111 remain in hospital and 12 are in a serious condition. The strikes were the latest in a cycle of retaliation after Israeli operations announced on Monday.About 40 minutes after Trump said he would delay action against Iran’s power infrastructure, Israel said on X that it had “just begun another wave of strikes targeting infrastructure of the Iranian terror regime across Tehran”. The Israel Defense Forces said energy facilities would be spared, suggesting that Israel may be aligning with Washington in suspending attacks on Iranian power plants and related sites.The US-based Human Rights Activists’ News Agency said in the previous 24 hours it had recorded at least 206 attacks across 15 provinces in Iran, resulting in at least four casualties (killed and injured, both civilian and military). At least six people were killed in strikes on homes in the city of Tabriz, according to Iran’s Fars news agency.Since US-Israeli bombs started falling on Iran, estimates of total deaths (military and civilian) in the country have exceeded 1,500, with some rights groups reporting figures as high as 3,230 as of 21 March. The escalation has also spilled beyond Israel, with Iranian strikes extending into Gulf states.
#israel #iran #lebanon
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World Economy Mar 24, 2026

UK Wine Production Soars to 16.5m Bottles in 2025, Driven by Favourable Weather

English and Welsh winemakers reported a 55% increase in wine production in 2025, resulting in 16.5m…
English and Welsh winemakers have experienced a significant surge in wine production in 2025, with 16.5m bottles produced across the UK, representing a 55% increase from the previous year. This growth is attributed to the hot, dry summer and an increase in vineyard plantings, resulting in the third-largest UK harvest. The 124,377 hectolitres of wine produced in 2025 is still below the 21.6m bottles produced in 2023, which was considered a bumper year. However, the industry has seen a substantial recovery from 2024, when production halved to 10.7m bottles due to high rainfall and disease in the grape crop. The 2025 harvest saw a notable increase in white wine production, which rose by 131% compared to 2024. Nicola Bates, chief executive of WineGB, expressed optimism about the quality and scale of the 2025 vintage, highlighting the skill and hard work of viticulturalists and winemakers. The growth of the industry is reflected in the 4% increase in vineyards registered with the Food Standards Agency (FSA) to 1,158, with the majority being commercial operators. The UK wine sector now employs over 10,000 people and has a value of £14bn. The industry has seen a 3% increase in vine plantings in 2025, covering an area of 4,357 hectares (10,700 acres).
#production #increase #harvest
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